LMIA Business Plan And LMIA Owner Operator Business Plan Service

1. How to Ensure Your LMIA Owner Operator Business Plan Leads to a Successful Application The Labor Market Impact Assessment (LMIA) is a path to immigration in Canada under the Temporary Foreign Worker Program (TFWP). The LMIA is meant to allow existing companies to bring in foreign employees if they can demonstrate there is a need and there is no Canadian citizen available to adequately fill the position. However, if a foreign investor wishes to purchase a majority share in and run an existing business, they may also enter under the LMIA program. Under this option, they will require an Owner Operator LMIA Business Plan instead of the usual requirements. The purpose of the LMIA Owner Operator Business Plan is to give an overview of the business, the applicant, and how and why the applicant will be an asset to the business. Below are components that should be included and emphasized to include application case success. Demonstrate You Are an Ideal Candidate

2. Above nearly everything else, the Owner Operator LMIA business plan needs to demonstrate that you are an ideal candidate. This includes proving that are equipped to purchase a controlling interest, run the business, and be able to operate within Canadian life. More specifically: Management Experience The Canadian government is going to want your LMIA Owner Operator business plan to give adequate evidence that you have the management and professional experience to run a successful business. You should not merely include a CV, but also tie in how that experience specifically applies to this business. Proof of Assets You will need to prove that you have the assets necessary purchase the intended business. Within the business plan you will list the value of the business including the value of the portion you plan to purchase. At a minimum you need to show you have enough assets to make the purchase. However, having a net worth well in excess will show that you will have resources to infuse into the business later if needed and you will be a financially stable member of Canadian society. Language Ability Regardless your experience or assets, you will not be able to effectively manage the business if you cannot speak the language. Your Owner Operator LMIA Business Plan should demonstrate that you can effectively communicate in English and/or French. Controlling Interest In addition to listing your assets and net worth, the business plan needs to make it clear that you intend to purchase a controlling interest. Further, that the arrangements under the controlling interest makes it so you cannot be easily dismissed or removed from the business.

3. Exemplifying the Strengths of the Business Since you are purchasing an existing business, the good news is there is already historic information available on which to base your Owner Operator LMIA business plan. However, your business plan can not rely solely on the history of the business. Instead, the LMIA Business Plan should exemplify how you, as the owner, intend to run the business. Tying in Your Skills Although your skills, experience, and qualifications should be listed in no uncertain terms, it is also highly effective to mention and tie in those skills throughout the plan. In relevant sections, make sure to touch on how certain aspects of your background and experience are beneficial. Benefit to Canada The main purpose behind Canada’s immigration program is to bring significant benefit to the country. The LMIA Owner Operator Business Plan is not only the place to exemplify your skills and how you will bring those to the business. It is also the time to show how the business itself benefits the country. Be honest and realistic but, showing growth plans, specifically those leading to the creation of new jobs, can go a long way to ensuring a successful application.